1750 n. washington street...renowned outdoor history museum known as naper settlement and an active...
TRANSCRIPT
1750 N. Washington Street Units 112E, 128 and 112W
NAPERVILLE OFFICE CONDOMINIUM OFFERING MEMORANDUM !
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PRESENTED BY:
Les J. Robinson, Broker Baird & Warner (630) 430-8953 [email protected]
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Cover Page 1
Table of Contents 2
Offering Summary 3
Naperville Overview 4
LaJolla Point - Property Overview 5
Unit Breakdown 6
Interior Photos 7
Exterior Photos 8
Confidentiality and Disclaimer 9
Table of Contents
Property Type: Three - 2,916 square foot commercial office condos. (Units can be purchased separately or as a package)
Offering Price: $1,325,000 or $151.46 per square foot Unit 112E - $425,000 or $145.75 per square foot Unit 128 - $425,000 or $145.75 per square foot Unit 112W - $475,000 or $162.89 per square foot
Property Type: Three - 2,916 square foot commercial office condos
Unit Configuration: Reception Area, Private Offices, Conference Room, Portable Cubicles, (2) Rest Rooms, Break Room, Storage Room and Mechanical Room
Unit Utilities: Each unit has individually metered gas-fired, forced air HVAC units and 200-amp electrical service.
Zoning: OCI - Office, Commercial and Institutional District
Parking: 57 Total Asphalt-Paved Open Parking Spaces
Cross Streets: Just off the Southeast Corner of Deihl Road and Washington Street
Naperville Office Condominium
Offering Summary
Located in southwest suburban DuPage County, 30 miles west of the Chicago Loop, Naperville,Illinois is home to approximately 145,000 people. This vibrant, thriving city consistently ranks as a top community in the nation in which to live, raise children and retire. The city is home to acclaimed public and parochial schools, the best public library system in the country, and an exceptionally low crime rate. !Naperville has ready access to a variety of public transportation, housing and employment options. The city’s diversified employer base features high technology firms, retailers and factories, as well as small and home based businesses. !Residents enjoy world-class parks, the opportunity to serve on several City boards and commissions, a thriving downtown and southwest side shopping and dining district, a renowned outdoor history museum known as Naper Settlement and an active civic community. !
Naperville Area Overview
The subject built in 1990, is three contiguous, single-story, stucco exterior, slab on grade commercial condominiums owned and occupied by LaJolla Properties, LLC. !The property has been well maintained with no major repairs required. Each unit is separately metered for gas and electric with individual gas-fired, forced-air HVAC units. All HVAC units were replaced in 2017 with the exception of the air conditioning unit in Suite 128. !Exterior building repairs and the grounds are maintained and managed by LaJolla Point, LLC. The most recent work includes sidewalk repaired in 2017, the upper parking lot was seal-coated 2016, the asphalt was replaced on the bottom lot in 2014 and a complete roof replacement was done in 2014. !!
LaJolla Point, LLC - Property Overview
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Unit Number 112E 128 112W Total
Asking Price $425,000 $425,000 $475,000 $1,325,000Unit Size 2,916 sf 2,916 sf 2,916 sf 8,748 sfPrice Per SF $145.75 $145.75 $162.89 $151.46
Monthly Rent $3,125 $4,325 $3,125 $10,575
Annual Rent $37,500 $51,900 $37,500 $126,900
Property Taxes $11,211 $11,211 $11,211 $33,633
Taxes Per SF $3.84 $3.84 $3.84
2018 Utilities $3,600 $3,600 $3,600 $10,800
Utilities Per SF $1.23 $1.23 $1.23
2018 CAM $8,400 $8,400 $8,400 $25,200
CAM Per SF $2.88 $2.88 $2.88
Annual Expense $23,211 $23,211 $23,211 $69,633
Net Income $14,289 $28,689 $14,289 $57,267
LaJolla Point, LLC - Unit Breakdown
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LaJolla Point, LLC - Interior Photos
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LaJolla Point, LLC - Interior Photos
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LaJolla Point, LLC - Exterior Photos
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it form Baird & Warner. This marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Baird & Warner has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information continued in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Baird & Warner has not verified, and will not verify, any of the information contained herein, nor has Baird & Warner conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
!Baird & Warner is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporations’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Baird & Warner, its affiliates or subsidiaries , or any agent, product, service, or commercial listing of Baird & Warner, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
!ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR BAIRD
& WARNER AGENT FOR MORE DETAILS.
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Confidentiality and Disclaimer
NON-ENDORSEMENT NOTICE